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Company News

BUZZ-Corus Entertainment: Hits a record low after revenue miss

** Shares of Canadian media company down 12.2 pct at an all-time low of C$5.49 after reporting lower-than-expected Q3 revenue

** Revenue from television business falls ~5 pct in Q3, advertising drops 4.4 percent

** Total revenue falls 4.4 pct to C$441.4 million, missing analysts’ estimate of C$452.4 million

** Co expects programming costs to rise in Q4

** So far this year, stock has fallen ~54 pct, compared with a 0.7 pct increase in the Toronto Stock Exchange (Reporting by Anirban Paul)

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